UK coal production halved to record low in 2016

Coal production fell by a massive 51% last year, hitting record lows. That’s according to a new set of provisional statistics released by the Department for Business, Energy and Industrial Strategy (BEIS). The report suggests the fall in coal output is due to the closure of all large deep mines and remaining mines producing less coal as they near the end of operation. […]

Gas and power prices currently low – Y Report

Gas and power prices both started to fall on Thursday and continued as we entered this week, according to Inenco’s Y report.  A fortnight of scheduled maintenance on the European gas interconnector means excess gas is trapped in the UK, which will continue to push prices down even further. Energy Trader Stuart Lea said prices are therefore likely to remain low for […]

Money matters are biggest renewable energy risk

Financial risk is seen as the biggest hazard for renewable energy projects by business chiefs, according to new research by the Economist Intelligence Unit (EIU) and Gherkin-based insurance firm Swiss Re. The EIU report, ‘Managing the risk in renewable energy’ looked at the types of risk facing operators and financiers. It found that three quarters […]

ELN TV